Canadian Financial Close: Loonie over 70 cents

By MarketsFarm

WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger by over a cent on Thursday.
The dollar finished the day at US$0.7104 or US$1=C$1.4077, compared to Wednesday when it closed at US$0.6992 or US$1=C$1.4302.
The Canadian government says it is asking banks and credit card companies to lower interest rates in light of the COVID-19 pandemic. “We recognize that they are a significant challenge for many Canadians at this point. That is why we are encouraging them to take action to alleviate the burden for Canadians,” said Prime Minister Justin Trudeau in a press conference.

Stock indices showed gains on the day. The TSX Composite Index was up by 231.94 points to close at 13,371.17.
Brent crude oil lost 68 cents to close at US$26.71 per barrel. West Texas Intermediate (WTI) crude oil fell by $1.42 to close at US$23.07 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries                dn  $ 0.17     at $  3.31
Linamar Corp.                    up  $ 0.21     at $ 29.30
Maple Leaf Foods                 up  $ 1.57     at $ 22.18
Nutrien Ltd.                     up  $ 2.30     at $ 45.93
Ritchie Bros Auctioneers Inc.    up  $ 2.25     at $ 46.59
Rocky Mountain Dealerships Inc.  dn  $ 0.21     at $  3.79
(All figures are in Canadian dollars.)

Futures Prices as of March 26, 2020

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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